The post BNB price targets $785 following breakout above descending triangle resistance. appeared on BitcoinEthereumNews.com.
BNB price climbed toward the $660 level after breaking above a multi-month descending triangle resistance, with traders increasingly positioning for a larger upside move toward the $785 region. Summary BNB broke above a multi-month descending triangle resistance, with the bullish breakout pattern projecting a potential move toward $785. CoinGlass data showed BNB futures open interest rising more than 7% over the past 24 hours as leveraged traders increased bullish positions. Technical indicators, including a bullish MACD crossover and a strong Aroon Up reading above 90, signaled strengthening upward momentum. After briefly dipping near $627 earlier this month, BNB (BNB) price rebounded sharply to trade around $655 at press time on May 11. The token has now gained steadily alongside the broader crypto market recovery as investor appetite for risk assets improved.
After months of heavy consolidation, BNB is finally showing signs of expansion as price pushes back into a key resistance zone. The market now sits at a pivotal stage where a successful breakout could ignite a stronger rally, while failure to hold momentum may lead to another rotation within the broader range. BNB Nears Completion Of Key Corrective Structure BNB appears to be in the final stages of a corrective sequence on the daily timeframe. According to Elliott Waves Academy, the market is navigating a connecting wave X, which serves as a bridge between two larger corrective movements. This structure indicates that the broader sideways-to-downward trend remains intact for now. Related Reading: Here’s Why The BNB Price Could Rally To $12,000 Before Ethereum The bearish outlook is defined by a W-X-Y pattern, where the initial wave W decline is already complete. The current wave X acts as a continuation pattern that aligns with the previous trend, suggesting that any recent upward mov
BNB price climbed toward the $660 level after breaking above a multi-month descending triangle resistance, with traders increasingly positioning for a larger upside move toward the $785 region. After briefly dipping near $627 earlier this month, BNB (BNB) price rebounded…
The Osmosis crypto price has surged on extreme trading volume and liquidity inflows. Cosmos governance rejection kept Osmosis independent and stable. Price now hinges on holding $0.065 and breaking $1 resistance. The price of the Osmosis (OSMO) crypto has jumped sharply by nearly 200% in 24 hours, moving from a low near $0.03383 to around […]
The post Why is Osmosis (OSMO) crypto price up 200% today? appeared first on CoinJournal.
A weekly close above what was previously major resistance is a strong statement of intent by the Bitcoin bulls. Actually printing an entire weekly candle above this level is probably the next target. Can the bulls now use this level as a base to go higher, or will the gravitational pull of the bear market trend prove too strong?
This editorial is from last week’s edition of the newsletter Week in Review. Subscribe to the newsletter to get this weekly editorial the second it’s finished. The newsletter also includes the biggest stories of the week with a comment on each story. Bitcoin’s display of might continued this week, nearly touching $83,000 before finding resistance […]
The post LINK Price Today Slips Slightly as Traders Track Breakout Setup appeared on BitcoinEthereumNews.com.
Chainlink’s price today has been trading above $10, with investors awaiting to see if LINK is able to continue its recent rally from BTC. In addition to the recent move in Bitcoin’s price, fresh analyst charts indicated that LINK was testing major resistance areas with market strength from LINK/BTC. According to data from BraveNewCoin, the price of Chainlink is $10.32, down 0.91% in the past 24 hours. But observers have been looking to see if LINK can continue to push higher than the $10.50 level and move from accumulation to a more prominent breakout period. LINK BTC Candle Shows Strength The trend of strength is indicated by the LINK BTC Candle. In a statement, LINK/BTC formed a strong weekly candle, which was an indication of strength within the crypto market, not just Bitcoin. The chart he drew indicated that LINK/BTC had been in a long downtrend but was now pressing higher
Bitcoin hovered near $80,901 on May 10, 2026, just after 8 a.m. ET, while maintaining a broader bullish market structure across the daily, four-hour, and one-hour charts. With price action trapped between stubborn resistance and resilient support, traders are watching bitcoin behave like a caffeinated cat pacing near a closed door, clearly plotting its next […]
The altcoin market has been one of the major losers in this bear market, with large-cap cryptocurrencies like XRP, BNB, and Solana taking a significant share of the losses. In fact, TradingView data shows that the TOTAL3 index (representing the crypto market capitalization, excluding BTC, ETH, and stablecoins) has fallen by more than $544 billion […]
